#BTCđ„đ„đ„đ„đ„
đ Technical Outlook of #BTC
Bull flags & trend patterns: CoinDesk reports a bullish âbull flagâ breakout on IBIT chart, which often leads to a 30% rallyâpotentially pushing BTC from ~$111k to $140k .
Maintained bullish momentum: TradingViewâs technical rating remains Strong Buy on daily and weekly charts . Binance Squareâs intraday update notes a short-term bearish bias, with price at ~$105.8k, signaling possible quick pullbacks before resuming upward .
đ Key Levels to Watch
Resistance: ~$112kâ113k is crucialâbreakouts above here may clear the way to **$120k+** .
Support: Steady footholds lie near $105kâ106k (Binance) and $102k (ITB Broker) . Dropping below ~$102k could intensify short-term selling.
đ§ Sentiment & Market Flow
ETF inflows: Mudrex highlights strong ETF activity on July 9âabout $215 million net inflows , signaling confidence from institutional players.
Macro backdrop: U.S. interest rate speculations and geopolitical uncertainties are bolstering BTC as an alternative or inflation hedge .
đ§© Intraday Trading Plan (Based on Binance/Signals)
Short-bias setup
Entry: $105,850â$106,200
SL: $106,750 (above EMA25)
TPs: $105,250 â $104,800 â $104,200
Aggressive breakout (long)
Entry: above $106,750 with strong volume
SL: $106,200
TPs: $107,400 â $108,200